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The latest from the OptionHunter session 05/18/2009

Path of least resistance remains to the upside.

IWM -  Has just about a perfect double bottom on hourly, with strong MACD upside divergence with the line above the signal line.  QQQQ and SPY still have strong pattern, but don't have the Jack in the Box spring like IWM.

CME  - 280 strike ran up to $18.

JRCC - Not as clearly defined hourly.

SPWRA - strong upside pattern hourly.  Entire Solar group strong.

MTH -  still belongs over 30, nothing has changed in the monthly pattern, lower price just made the option prices cheaper.